Bitter chocolate: High prices pinch pockets on Valentine's Day

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Times of India 1w ago

Bitter chocolate: High prices pinch pockets on Valentine's Day - Times of India

Quick Summary:

Rising global cocoa prices have led to a surge in chocolate costs this Valentine's Day, with chocolate makers like Amul and Smoor Chocolates increasing prices.

Companies like Mondelez, Hershey's, and Nestle are also dealing with unprecedented cocoa cost inflation and may implement further price hikes.

Consumers already facing inflation now have to spend more on chocolates.